Talbots Q1 loss narrows
Hingham, Mass. The Talbots said Tuesday its fiscal first-quarter net loss narrowed as shoppers snapped up its spring offerings.
Talbots reported a net loss of $4.4 million for the three months ended May 1, compared with a net loss of $23.6 million a year ago.
Revenue rose 4% to $320.7 million, from $306.2 million last year. Analysts expected revenue of $323 million.
Meanwhile, same-store sales rose 2.4% as the company sold more items at full price.
After struggling with weak sales during the recession, Talbots earlier this year pulled off a complex deal that let it reduce its debt and buy out its largest shareholder, Japanese retail company Aeon (U.S.A.), which held a 54% stake.
B&N, Pandigital bring color to e-book experience
DUBLIN , Calif. (May25) Barnes & Noble has partnered with Barnes & Noble to offer the Pandigital Novel, a 7-inch e-reader with integrated Barnes & Noble e-bookstore, full color touch-screen display, Wi-Fi connectivity, and multimedia capabilities, Pandigital announced.
Through the partnership, Pandigital Novel cutsomers will have access to Barnes & Noble’s full e-bookstore catalog and be able to share content with others using Barnes & Noble’s LendMe technology.
"First and foremost, the Pandigital Novel e-reader was designed to deliver a world-class e-reading experience," said Dean Finnegan, CEO and founder of Pandigital. "By focusing on delivering superior content from Barnes & Noble, an easy-to-use design and an excellent customer experience, Pandigital is delivering a value proposition not currently available in the eReader category. With its many additional features, Pandigital Novel customers will be able to read what they want and do more of what they want on the go with an affordable product that is simple and fun to use."
Bach to retire from Microsoft
Microsoft announced that Robbie Bach, president of the entertainment and devices division, will retire from the company this fall.
The company announced that SVP Don Mattrick will continue to lead the interactive entertainment business and SVP Andy Lees will continue to lead the mobile communications business. Each will report directly to CEO Steve Ballmer effective July 1.
"For the past 22 years, Robbie has personified creativity, innovation and drive. With this spirit, he has led a division passionately devoted to making Microsoft successful in interactive entertainment and mobility," Ballmer said. "Robbie’s an amazing business person and close personal friend, which makes his departure a point of sadness for me. However, given the strong leadership team he has built, the business performance of E&D this year and the launches of Windows Phone 7 and ‘Project Natal’ this fall, we are set up well for success as we continue to drive our mobile and entertainment businesses forward."